Woodward adds: “iShares is trying to replicate the success in other countries of exchange traded funds. It is probably easier in the US because of the range of execution only stockbrokers over there. Lots of retail investors in the UK have not used a stockbroker and so I think that there is some chance that this fund will be more successful with institutional type clients.”
Scottish Widows Investment Partnership has been hit by the loss of another major client. The Port of London Authority withdrew a mandate for its £300 million pension fund. This is the sixth major client Swip has lost in four months. The Authority says it had concerns about changes in ownership following its merger with Lloyds […]
Newcastle based High Street Home Loans have unfurled a new mortgage .aimed at aspiring homeowners who cannot obtain loans from traditional high street lenders. The product offers a rate of 8.29 per cent fixed until November 2001 up to 90 per cent of the LTV where borrowers have not more than £2,000 worth of unsatisfied […]
Small firms are unhappy with the performance of banks according to a survey by the Forum of Private Business. The research revealed a rise in complaints by small businesses as a result of bank mergers and their increasing reliance on computers over people. The survey also found that despite a stable economy the performance of […]
The Government does not seem to trust IFAs to del iver stakeholder succ ess.Could it be that the massive squeeze caused by the slashing of margins to 25 per cent of their previous levels has worried the Govern ment enough for it to attempt to broaden the distribution net for stakeholder as wide as possible? […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
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Technology firm FNZ has invested in robo-adviser Advicefront, which is also backed by other leading financial planning figures. FNZ today announced it has completed a strategic investment in the company. Advicefront, which is an automated advice platform, started in 2015 and its original investors include former Bloomsbury Financial Planning principal Jason Butler, Tilney investment director […]
The FCA has raised the prospect of further sanctions over advice to transfer out of the British Steel Pension Scheme as consumers could be in line for compensation payments. Giving evidence to MPs on the work and pensions select committee, FCA supervision director Megan Butler said that while the regulator had so far acted to […]
The global economy currently appears “just right” but how long can that continue?